Insight
Upstream licensing round quarterly: an underwhelming end to 2021
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
A “new normal” emerged in 2021, with smaller rounds and more selective bidders. Q4 closed with underwhelming results. The number of newly launched rounds picked up from earlier quarters, and they offer a wide variety of opportunities around the globe. Despite hopes for a revival, the total acreage awarded in 2021 was down by more than one-third compared to 2020. In contrast, the number of licences awarded increased, reflecting smaller block sizes. The drivers for changing licensing patterns are short-term, long-term and structural. They have wide implications for the future of exploration.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Brazil's pre-salt coverage overview
Brazil's pre-salt is one of the most relevant deepwater plays with a huge resource base and impressive well productivity.
$1,350
Asset Report
Plataforma Deltana Block 3
Plataforma Deltana Block 3 is an exploration licence offshore eastern Venezuela that contains the Macuira gas field. Chevron owns a ...
$3,720
Asset Report
Block 65
Block 65 is located in northwest Oman, adjacent to Occidental's Block 27 and Daleel Petroleum's Block 5. The block was offered ...
$3,720
